Business Segments Waaree Energies Limited

Equities

Market Closed - NSE India S.E. Other stock markets 07:05:10 2026-05-19 am EDT			5-day change	1st Jan Change
2,998.80 ^INR	+0.04%		-4.04%	+1.03%

May. 06	Waaree Energies says unit enters PPA for 300MW wind project in Dwarka, Gujarat	RE
May. 01	Waaree Energies Limited, Q4 2026 Earnings Call, Apr 30, 2026

Breakdown by Business Segment (INR)

Fiscal Period: March	2021	2022	2023	2024	2025
Analog and Mixed Signal
Solar Photovoltaic Modules	-	27.71B	65.52B	107B	130B
Total Assets	-	13.01B	44.21B	62.32B	96.22B
Interest Expense	-	-339M	-770M	-1.33B	-1.37B
EBITDA	-	913M	7.68B	13.64B	24.16B
D&A	-	-	1.61B	2.56B	3.5B
Solar Photovoltaic Modules and EPC of Solar Power Plants	19.47B	-	-	-	-
Total Assets	11.07B	-	-	-	-
EBITDA	826M	-	-	-	-
Construction Support Services
Engineering, Procurement and Construction Contract	-	1.47B	3.33B	8.48B	15.59B
Total Assets	-	442M	956M	4.18B	5.32B
Interest Expense	-	-69.39M	-53.02M	-	-
EBITDA	-	109M	676M	1.79B	2.74B
D&A	-	-	2.93M	1.66M	4.2M
Independent Power Producers and Energy Traders
Generation of Power	61.83M	145M	127M	286M	335M
Total Assets	1.73B	832M	2.28B	2.12B	3.01B
Interest Expense	-	-	-	-67.66M	-148M
EBITDA	31.57M	37.25M	83.11M	278M	321M
D&A	-	-	29.07M	94.85M	102M
Inter Segment Eliminations	-	-786M	-1.47B	-1.33B	-1.05B
Total Assets	-	-303M	-759M	-1.89B	-381M
EBITDA	-	-	-91.23M	36.57M	900K
Total Assets	-	-	-	36.58B	72.38B
Total Assets	-	-	67.97M	4.69M	176M
Total Assets	-	865M	6.2B	2.15B	4.53B
Total Assets	-	161M	137M	247M	114M
Total Assets	-	3.66B	17.36B	1.21B	5.1B
Total Assets	17.25M	-	-	-	-
Total Assets	-	14.81M	700K	940K	16.8M
Total Assets	-	180M	143M	832M	460M
Total Assets	-	817M	2.11B	1.45B	5.06B
Total Assets	-	54.18M	98.98M	231M	332M
Total Assets	-	1.43B	311M	711M	647M
Total Assets	-	63.43M	63.43M	63.43M	63.4M
Total Assets	-	465M	1B	2.87B	4.4B
Total Assets	-	22.89M	325M	47.68M	28M
EBITDA	-9.38M	-	-	-	-